Business Wire

BearingPoint study: Powered by the people! Successful organizations are built on a resilient workforce

Share

Management and technology consultancy BearingPoint has created a deep-dive study on enabling people to manage and embrace change to drive organizational success. “Powered by the people,” the second of five companion pieces to the 2021 “Can you thrive under pressure study, analyzed over 5,000 projects to rank 150 leading resilient organizations. BearingPoint has also created a resilience benchmarking tool that enables any organization to assess its alignment with the five fundamental pillars of resilience.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220720005745/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

BearingPoint study: Successful organizations are built on a resilient workforce. (Graphic: Business Wire)

BearingPoint’s proprietary benchmarking tool shows that most organizations understand that success is based on empowering their people for change. Yet only 60% of organizations considered their people to be fully resilient. However, the study also concludes that even these organizations cannot afford to be complacent.

BearingPoint’s study found that an organization’s people-related strategy is vital to its overall success. Many organizations recognize that they can do more to create an environment for their people to be successful. For example, there is a clear correlation between manager autonomy and the success of transformation projects. Yet frontline manager autonomy is still low (22% in France, 19% in Germany and 30% in the United Kingdom), with communication cited as a key gap. 55% want more information during a project, 45% want clearer guidelines and desire to collaborate more, and 39% want access to specific expertise while implementing change projects. The study shows that best practice links your people to a clear purpose and vision, providing agile working models with the flexibility to respond and structured around multi-skilled teams empowered to make decisions.

BearingPoint’s research proves that an organization’s people strategy can only be successful if it is underpinned by the five dimensions of a resilient organization:

  • Empower people for change: Resilient companies support their people to adapt to change and uncertainty rapidly.
  • Understand the customer ecosystem: Resilient companies enable their people to understand their customers and supply chain; and they make sure their people interact positively with customers, suppliers and other stakeholders.
  • Align data centricity with business outcomes: People interconnected to data and data owned by the people ought to be an integral part of understanding the role of data in supporting business decisions.
  • Use technology to improve agility: Resilient companies use technology to enable people to be productive and involved.
  • Build effective governance for smart decisions: Resilient companies introduce people governance for better decision-making with appropriate structures, clear decision-making processes and effective escalations.

Andrew Montgomery, Global Leader Government and Public Sector at BearingPoint, notes: “Our insights support the view that organizations which have been the most successful in retaining, developing and managing their workforce during and post-pandemic are those that have recognized the importance of resilience as a core characteristic in its people. Their workforce strategies include specific outcomes related to creating an environment where people can develop, be supported and be empowered to become more resilient. And the indicators are that investment in these areas can lead to tangible results in terms of retention, employee wellbeing and performance.”

All the categories of organizations that BearingPoint studied showed that empowering their people for change was a key element of their strategy. However, people strategies lagged behind customer strategies. There were also variations across sectors, with government organizations having lower people resilience scores than other sectors. According to the study, leading private sector companies have responded to reoccurring crises by investing more in their people and therefore have benefited from increased company resilience.

Claudia Carr, Partner at BearingPoint, says: “There are many factors which support the development of resilience within your workforce. It starts with culture and is enhanced through learning and collaboration. Resilient organizations recognize the importance of soft skills, starting from hiring and as part of continuous development programs. The ability to manage change, communicate, collaborate and problem solve are all critical skills when navigating change. We see resilient organizations as those supporting the development of these skills, not only with their leaders but throughout the organization.”

About the study

BearingPoint analyzed over 5,000 client projects, built a model to assess how organizations create successful long-term transformations, and then calibrated resilience profiles based on five observed characteristics.

To find out more, you can download the study here: https://www.bearingpoint.com/en/insights-events/insights/successful-organisations-are-built-on-a-resilient-workforce/

About BearingPoint

BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services.

BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 13,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success.

For more information, please visit:

Homepage: www.bearingpoint.com
LinkedIn: www.linkedin.com/company/bearingpoint
Twitter: @BearingPoint

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Press contact
Alexander Bock
Global Manager Communications
Telephone: +49 89 540338029
E-Mail: alexander.bock@bearingpoint.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Feeling ’22: Mary Kay Inc. Announces Awards, Milestones, and Accomplishments From First Half of the Year28.7.2022 20:02:00 EEST | Press release

Mary Kay Inc. is feeling ’22. Throughout the first half of the year, the iconic global entrepreneurship company has furthered its innovations in skin science, continued its social impact efforts, and garnered several prestigious awards for its business and leadership. It’s a thing of beauty—and the nearly 60-year-old brand is just getting started. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220728005228/en/ Mary Kay logo (Graphic: Mary Kay Inc.) 2022 AWARDS & HIGHLIGHTS 30 total awards for business excellence, social impact and sustainability 10 employer awards recognizing Mary Kay as a great place to work and for operational excellence 7 awards for Mary Kay’s c-suite and senior leadership 17 self-released reports reinforcing Mary Kay’s operational and philanthropic efforts supporting its sustainability commitments for its Enriching Lives Today for a Sustainable Tomorrow strategy 3 mentions in annual reports from social i

Asaf Ashkenazi Named CEO of Verimatrix28.7.2022 19:00:00 EEST | Press release

Regulatory News: Verimatrix (Euronext Paris: VMX) (Paris:VMX), today announced the appointment of Asaf Ashkenazi as Chief Executive Officer effective Monday, August 1st, 2022. Amedeo D’Angelo, Chairman and Chief Executive Officer since 2015, remains Executive Chairman of Verimatrix effective the same day. Asaf Ashkenazi joined Verimatrix in 2018 and currently serves as Chief Operating Officer. He will lead the company’s ongoing business model transformation announced last year that focuses on recurring subscription-based revenue sources and new products. “This evolution and reinforcement of the Verimatrix governance structure aligns well with the company’s needs as we further the progression of our business model,” Amedeo D’Angelo said. “I look forward to working closely with Asaf in his newly expanded role as CEO during this strategic development of Verimatrix.” Previously leading the company’s R&D, product, sales and marketing operations, Asaf Ashkenazi will continue to harness his d

GUESS Heads to Granada for the 2022 Fall/Winter Advertising Campaign28.7.2022 18:00:00 EEST | Press release

The new GUESS Fall-Winter 2022 advertising campaign sees the brand off to explore the history-steeped streets of Granada, Spain. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220728005098/en/ GUESS Heads to Granada for the 2022 Fall/Winter Advertising Campaign (Photo: Business Wire) The FW22 campaign is immortalized through the lens of fashion photographer Tatiana Gerusova, under the guidance of GUESS?, Inc.’s Chief Creative Officer, Paul Marciano. The new campaign features a sizzling lineup: German-born, Polish fashion model Kim Dammer, Serbian model Nina Kostić, Spanish model Lidia Santos, Italian model Mario Ermito, and French model Xavier Grey. GUESS Women The campaign showcases an enticing array of GUESS pieces, highlighting must-have accessories and elevated animal and botanical prints. The collection brings a fresh and youthful breeze of contemporary color and style to grey winter days. Against the alluring continent

Innovaderm Bolsters European Presence With Two Newly-Established Operations Hubs (Spain & Poland)28.7.2022 17:00:00 EEST | Press release

Innovaderm announced today that its strategic European expansion initiative has reached a major milestone with the launch of two key centres of operations in Poland and Spain. Biotechnology and pharmaceutical companies can officially partner with the CRO’s team of experts in Europe to manage clinical trials in psoriasis, acne, atopic dermatitis and other dermatology indications. This includes adherence to stringent regulatory requirements, patient recruitment, site selection, clinical monitoring and protocol writing. “To date, we have successfully completed more than 500 clinical trials at 2,900 sites,” says Dave Selkirk, Innovaderm’s Chief Operating Officer. “The presence of two operations hubs in Europe will allow us to go one step further and accelerate the development of promising therapies that have the potential to transform lives. As we look to the future, our goal is to continue supporting innovation in research and the increasing number of patients with skin conditions worldwi

Echosens Partners with World Hepatitis Alliance on World Hepatitis Day, July 28, Urges Importance of Testing and Treatment28.7.2022 16:07:00 EEST | Press release

Echosens, a high-technology company offering liver diagnostic solutions, establishes its support of World Hepatitis Day (WHD), July 28 by partnering with the World Hepatitis Alliance as a bronze sponsor. The commemoration calls for greater awareness of the 357 million people who live with viral hepatitis but are unaware of it. The campaign’s theme “I can’t wait” highlights the need to accelerate the fight against viral hepatitis and the importance of testing and treatment for the real people who need it. “Echosens recognizes that every 30 seconds, someone in the world dies from a hepatitis-related illness, and we join hands with organizations throughout the world to advance increased vigilance around liver health,” says Dominque Legros, Echosens Group CEO. “It is gratifying to see that this year's theme for World Hepatitis Day aligns with our mission for early detection that can result in more effective intervention, treatment and better outcomes.” Viral hepatitis is an inflammation of

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom